In recent years, Florida has experienced tremendous consolidation across all industries, with some companies taking advantage of market domination to influence access and prices. One notable impact is in healthcare, where increased monopolistic power in the hands of a few companies places consumers and providers at a disadvantage. Enforcement of state and federal antitrust laws is one solution, but public officials may be slow to take action.
Fortunately, these same laws also allow a private right of enforcement for those experiencing the negative repercussions of anticompetitive practices. However, antitrust is an area of law that is highly complex, even for attorneys. At the Law Offices of George M. Sanders, P.C., our skilled lawyers have specific experience and in-depth knowledge in this niche subject matter. We provide solid representation for Lakeland, FL healthcare providers seeking to enforce antitrust laws against hospital conglomerates, insurers, and others engaging in unlawful restraints on competition.
Overview of Florida and Federal Antitrust Laws
Historically, Congress and state lawmakers enacted antitrust statutes to prevent monopolization of key market sectors and break down the trusts that were hindering competition. Especially in the area of healthcare, antitrust laws have never been more important in eliminating excessive consolidation.
Monopolistic practices can take many forms. There are three primary federal laws that prohibit anticompetitive conduct:
- The Sherman Act bans any contract or arrangement in restraint of trade, as well as any act or attempt to create a monopoly.
- The Clayton Act fills in the gaps where the Sherman Act does not include a clear prohibition. The language bars certain mergers and specific practices where the effect is “substantially to lessen competition,” so it is broader in coverage.
- The Federal Trade Commission Act prohibits unfair competition and deceptive acts; however, only the FTC can bring claims under its provisions.
The Florida Antitrust Act closely parallels the provisions of the federal statutes and court decisions, though claims under this law would be filed in state court.
Lakeland Antitrust Attorneys Fight Against Monopolization
Because antitrust laws prohibit practices that restrain competition and allow a private party to file suit, you may be entitled to monetary damages if successful in proving your claim. Plus, Florida law allows equitable relief to effectively break up monopolistic trusts in the healthcare sector. Our attorneys at the Law Offices of George M. Sanders, P.C. assist with all types of antitrust cases, including those involving:
- Conspiracies and collusion;
- Price fixing;
- Abuse of market power;
- Monopolistic mergers;
- Abuses of the peer review process and similar forms of group boycott; and,
- Many others.
Consult with an Experienced Lakeland Antitrust Lawyer Today
If you discover anticompetitive practices, whether in healthcare or other industries, you need an antitrust lawyer that has specific experience taking on these cases for private parties. Our antitrust attorneys at the Law Offices of George M. Sanders, P.C. will advocate on your behalf to obtain the best possible result under federal or Florida laws. Please contact us online or call (312) 624-7642 to schedule an initial consultation regarding your circumstances.